$20,000 in Obama-fees per family
The Socialist Tax Horror of Obamacare Begins
- The Fascist IRS will act as a Mafia-style enforcement thug for the Marxists in Washington.
Marxist-Fascism - The dictatorship is here. If you do not pay your life or auto insurance bill then your coverage is cancelled. But in the authoritarian U.S. if you fail to pay your health insurance bill the thug enforcers at the IRS will steal your bank accounts, attach your wages or confiscate your private property and pour that money into the Treasury to fund the Socialist Welfare State.
In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.
Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.
The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.
The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan reports CNS News.
“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation says.
Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum.
Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.
Oklahoma Doctors vs. Obamacare
Three years ago, Dr. Keith Smith, co-founder and managing partner of the Surgery Center of Oklahoma, took an initiative that would only be considered radical in the health care industry: He posted online a list of prices for 112 common surgical procedures.
Tim Scott Speaks in Support of Full Repeal
"Shared Responsibility Payment"
IRS to fine parents under Fascist Obamacare
- Parents drop your pants and bend over for a true tax fucking from the Socialist Democrats.
In new, final regulations issued Wednesday, the Internal Revenue Service (IRS) said that parents must pay a federal fine under Obamacare if their children or dependent spouses are uninsured for any part of the year.
The regulations clarify provisions of Obamacare that seem to say that a parent will be held liable for Obamacare’s individual mandate penalty if they don’t have insurance coverage for their children.
In its final regulations, the IRS states that parents will be made to pay the penalty (called a "shared responsibility payment") if they can claim an uninsured child or spouse as a dependent, regardless of whether they actually claim them or not.
“The proposed regulations clarify that a taxpayer is liable for the shared responsibility payment imposed with respect to any individual for a month in a taxable year for which the taxpayer may claim a personal exemption deduction for the individual (that is, the dependent) for that taxable year,” the regulations state says CNS News.
“Whether the taxpayer actually claims the individual as a dependent for the taxable year does not affect the taxpayer's liability for the shared responsibility payment for the individual.”
In other words, if a child goes without government-defined health insurance coverage for any month of the year, their parent must pay a fine to the government, regardless of whether they claim the child as a dependent or not.
The only thing that matters to the IRS is whether the parent could claim the uninsured child as a dependent.
The same rule applies to an uninsured spouse if the couple files a single tax return. If they file a joint return, both parents are liable for the fine.
The IRS calls this arrangement a “shared responsibility family,” and it includes adopted children.
Parents who give their children up for adoption or place them in foster care are not liable for the penalty once they give up their children.
Uninsured adult family members use the full per-person cost of $695 per person when calculating their penalty, while uninsured children are penalized half of the adult cost – $347.50 per child. The amount of penalty parents may face will change every year after 2016, the IRS said, and parents will face a phased-in penalty between 2014 and 2016.
- For 2014, parents could face a penalty of either $47.50 per child – under 18 – up to $285 total.
- For 2015, the per-child penalty is $162.50 per child up to $975 total.
- For 2016, the per-child penalty is $347.50 per child up to $2,085 total.
- The per-person penalty is capped at $2,085 for 2016, but that cap will rise with inflation every year thereafter.